Coby Foundation Ltd
Coby Foundation Ltd consistently grows assets with zero reported officer compensation and minimal liabilities.
EIN: 133781874 · New York, NY · NTEE: A51Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.2M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $14 |
| Net Assets | $14.0M |
| Transparency Score | 92/100 |
Is Coby Foundation Ltd Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Coby Foundation Ltd directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Coby Foundation Ltd
Coby Foundation Ltd (EIN: 133781874) is a nonprofit organization based in New York, NY, classified under NTEE code A51Z. The organization reported total revenue of $8.2M and total assets of $16.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coby Foundation Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Coby Foundation Ltd is a mid-size nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$641K |
| Total Assets | $14.0M |
| Total Liabilities | $1 |
| Net Assets | $14.0M |
| Operating Margin | 37.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 157.5 months |
Financial Health Grade: A
In 2023, Coby Foundation Ltd reported a surplus of $641K with revenue exceeding expenses, holds 157.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Coby Foundation Ltd's revenue has grown at a compound annual growth rate (CAGR) of 12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.6% | +38.5% | +5.4% |
| 2022 | -16.1% | -14.7% | +11.3% |
| 2021 | +98.2% | +12.7% | +16.2% |
| 2020 | +62.8% | -19.9% | +5.0% |
| 2019 | -28.2% | +40.4% | +11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Coby Foundation Ltd with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Coby Foundation Ltd allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $641K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership either serves on a volunteer basis or compensation is covered through other means not reported as officer compensation, which is highly efficient for an organization with assets growing to nearly $14 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Coby Foundation Ltd's IRS 990 filings:
- Lack of detailed expense breakdown beyond officer compensation makes precise program efficiency analysis challenging.
Strengths
The following positive indicators were identified for Coby Foundation Ltd:
- Consistent asset growth, increasing from $6.5M in 2011 to $13.9M in 2023.
- Extremely low liabilities, consistently reported as $0 or $1.
- Zero reported officer compensation across all filings, indicating high operational efficiency.
- Consistent revenue generation exceeding expenses in most periods, leading to healthy surpluses.
- Strong financial stability and low financial risk.
Frequently Asked Questions about Coby Foundation Ltd
Is Coby Foundation Ltd a legitimate charity?
Coby Foundation Ltd (EIN: 133781874) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $8.2M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Coby Foundation Ltd spend its money?
Coby Foundation Ltd directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Coby Foundation Ltd tax-deductible?
Coby Foundation Ltd is registered as a tax-exempt nonprofit (EIN: 133781874). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Coby Foundation Ltd CEO make?
Coby Foundation Ltd's highest-compensated officer earns $14 annually. The organization reported $8.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Coby Foundation Ltd compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Coby Foundation Ltd is above average for NTEE category A51Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Coby Foundation Ltd located?
Coby Foundation Ltd is headquartered in New York, New York and files with the IRS under EIN 133781874. It is classified under NTEE code A51Z.
How many years of IRS 990 filings does Coby Foundation Ltd have?
Coby Foundation Ltd has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8.2M in total revenue.
Is Coby Foundation Ltd a good charity?
Based on the provided financial data, Coby Foundation Ltd appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, minimal liabilities, and exceptionally efficient operations with 0% reported officer compensation.
How has Coby Foundation Ltd's financial health changed over time?
The Coby Foundation Ltd has shown consistent financial growth and stability. Its assets have steadily increased from $6,552,361 in 2011 to $13,990,851 in 2023, while liabilities have remained negligible ($0-$1). Revenue has generally exceeded expenses, contributing to this healthy growth.
What is the Coby Foundation Ltd's approach to executive compensation?
The Coby Foundation Ltd reports 0% officer compensation in all available filings, suggesting a highly efficient model where executive leadership is either unpaid or compensated through non-officer channels, allowing more funds for programmatic activities.
Filing History
IRS 990 filing history for Coby Foundation Ltd showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Coby Foundation Ltd's revenue has grown by 310.1%, moving from $416K to $1.7M. Total assets increased by 113.5% over the same period, from $6.6M to $14.0M. Total functional expenses rose by 106.6%, from $516K to $1.1M. In its most recent filing year (2023), Coby Foundation Ltd reported a surplus of $641K, with revenue exceeding expenses. The organization holds $1 in liabilities against $14.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $14.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.1M | $14.0M | $1 | — | View 990 |
| 2022 | $2.2M | $770K | $13.3M | $1 | — | View 990 |
| 2021 | $2.6M | $903K | $11.9M | $1 | — | View 990 |
| 2020 | $1.3M | $801K | $10.3M | $1 | — | — |
| 2019 | $795K | $1000K | $9.8M | $1 | — | View 990 |
| 2015 | $1.1M | $712K | $8.8M | $1 | — | View 990 |
| 2014 | $1.5M | $606K | $8.4M | $1 | — | View 990 |
| 2013 | $819K | $572K | $7.5M | $1 | — | View 990 |
| 2012 | $1.2M | $507K | $7.3M | $1 | — | View 990 |
| 2011 | $416K | $516K | $6.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.1M, and assets of $14.0M (revenue -20.6% year-over-year).
- 2022: Revenue of $2.2M, expenses of $770K, and assets of $13.3M (revenue -16.1% year-over-year).
- 2021: Revenue of $2.6M, expenses of $903K, and assets of $11.9M (revenue +98.2% year-over-year).
- 2020: Revenue of $1.3M, expenses of $801K, and assets of $10.3M (revenue +62.8% year-over-year).
- 2019: Revenue of $795K, expenses of $1000K, and assets of $9.8M (revenue -28.2% year-over-year).
- 2015: Revenue of $1.1M, expenses of $712K, and assets of $8.8M (revenue -28.0% year-over-year).
- 2014: Revenue of $1.5M, expenses of $606K, and assets of $8.4M (revenue +87.5% year-over-year).
- 2013: Revenue of $819K, expenses of $572K, and assets of $7.5M (revenue -32.4% year-over-year).
- 2012: Revenue of $1.2M, expenses of $507K, and assets of $7.3M (revenue +191.2% year-over-year).
- 2011: Revenue of $416K, expenses of $516K, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Coby Foundation Ltd:
Data Sources and Methodology
This transparency report for Coby Foundation Ltd is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.